Industry News
Peptech has high hopes for new antibody
Sydney peptide therapeutics developer Peptech (ASX:PTD) has taken delivery of its hot new anti-inflammatory domain antibody (dAb) from UK ally Domantis, and plans to begin human clinical trials in 2007. [ + ]
GSK award winner at forefront of quest for new kidney treatment
Start small, but think big, could be Melissa Little's motto. The kidney disease researcher, an associate professor at the University of Queensland's Institute of Molecular Bioscience, is hunting molecules that may stimulate failing kidneys to repair themselves -- but her ultimate goal is to be able to program stem cells to grow new kidneys from scratch. [ + ]
ES cells showing promise in tissue therapy
A new technique that involves seeding 3D biodegradable polymer scaffolds with human embryonic stem (hES) cells is showing promise as a way to create human tissues for therapeutic applications, an Israeli researcher has told a workshop in Sydney. [ + ]
Stem cells: Researchers warn of lost ground
Some of Australia's most eminent researchers have warned that Australia must get creative to stay on top in the increasingly competitive global stem cell research and business landscape. [ + ]
In brief: Benitec, XRT, Phylogica, Norwood Abbey
RNAi specialist Benitec (ASX:BLT) has lodged a prospectus with ASIC to raise up to AUD$9.7 million in a rights issue, underwritten by Bell Potter. Capital raised will go towards clinical development and expansion of Benitec's California operations, it said. [ + ]
QBF puts $2.5m to Xenome drug development
Unlisted Brisbane biotech Xenome has secured $2.5 million in new funding from its major shareholder, the Queensland Biocapital Fund (QBF), to accelerate development of its product pipeline, including its pain-killing peptide from cone-shell toxin, Xen2174. [ + ]
LCT cheered by diabetes preclinical results
Auckland-based, Australian-listed biomedical company Living Cell Therapies (ASX:LCT) is elated at the results of a six-month preclinical trial of its DiaBCell encapsulated-cell therapy for diabetes in monkeys. [ + ]
Chemeq banks $40m
Beleaguered biotech Chemeq (ASX:CMQ) has seen some light on the horizon, announcing it has successfully banked AUD$40 million from an issue of 40,000 convertible bonds to Japanese investment group Mizuho International and related entities of investment management group Stark Investments. [ + ]
EvoGenix acquires US firm Absalus
Unlisted biotech EvoGenix and Mountain View (CA) ally Absalus have formally tied the knot after an 11-month trans-Pacific courtship. [ + ]
US biotech pendulum swings towards M&A
Although US biotechs managed to raise a healthy US$6.2 billion in capital in the first quarter of 2005, the tide has turned against IPOs, and mergers and acquisitions and partnering are gaining popularity as alternative financing methods, according to analysis by San Francisco's Burrill & Company. [ + ]
Medsaic wins NSW biotech commercialisation award
Diagnostic platform developer Medsaic has won the NSW government's inaugural BioFirst commercialisation award, at a ceremony on Monday evening. [ + ]
HatchTech aims to scratch an itch in head lice market
Feeling lousy? Unlisted Melbourne biotech HatchTech believes it may have just the remedy: a safe, potent ovicide that kills the eggs of the common head louse. [ + ]
UK legislators demand pharma shake-up
A tougher regulatory regime, curbs on drug promotion, financial penalties for companies that break advertising rules, and a register of industry gifts to healthcare professionals have been demanded by British legislators. [ + ]
Port Phillip Bay dolphin identified as unique species
Melburnians appear to have been living with an unrecognised new species of dolphin, unique to Port Phillip Bay. [ + ]
Pacmab aims for multiply myeloma therapy
Sydney blood-cancer therapeutics developer Pacmab is due to present details of its prospective monoclonal antibody therapy for the multiple myeloma to the International Myeloma Conference in Sydney next week. [ + ]

